Pacific Booker Minerals Inc V.BKM

Copper - Rocks Daily:

[BuccJunior]

Looming copper squeeze may force market to seek a recycling fix

• The world may have to rely on new recycling technologies to prevent shortages of copper as the shift toward clean energy supercharges demand for the wiring metal.
   
• Annual copper demand is expected to expand 53% by 2040, mainly driven by the electrification of transport and infrastructure. In the same span, base case estimates see supply increasing by just 16% amid a dearth of new mines, leaving a shortfall of 14 million metric tons by 2040. Even in a best-case scenario, a shortage of more than 5 million tons is possible.
   
• While copper futures have recovered ground in recent weeks, they’re still down about 18% from an early-June peak amid lingering recession fears. A downturn probably will delay copper demand growth, but it also has the potential to boost investment in supply post-recession